Gd place to borrow money from

At reasonable rates

CO-OPERATIVES, A LESS KNOWN OPTION

An … alternative that many people don’t think about is borrowing from a co-operative society.

Co-operatives started here nearly a century ago to provide a safe place for savings and access to affordable credit.

Admittedly, they are not all open to everyone. Only teachers can get loans for 3 per cent at the Singapore Teachers’ Co-operative Society, and Polwel is for police officers.

Other co-operatives are more accessible. TCC, formerly the Telecoms Cooperative Society, says it is open to all Singaporeans and permanent residents. The interest rate for loans is just 6.99 per cent.

While you would likely need to establish a track record before borrowing, you could join a credit union if you need to take up loans periodically in the future.

https://www.todayonline.com/singapore/reducing-cost-borrowing-money

And given a reported case of criminal breach of trust by employees of one co-op, with a bit of luck there might be no record of yr borrowings.

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